Sonnenshein believes cryptocurrency has become a non-partisan issue, claiming that policymakers now acknowledge it’s here to stay.
He tells CNBC in an interview that the company is willing to collaborate with the SEC to bring about a spot Bitcoin exchange-traded fund.
In a court of appeals, the court rules in favor of Grayscale; the SEC can allow Bitcoin futures-based ETFs and deny spot Bitcoin ETFs, so long as they don’t allow fraud and manipulation.
Grayscale wins a case against the SEC in the Court of Appeals.
The court rules that the SEC acted arbitrary and capricious when it rejected Grayscale’s proposal because it failed to explain its different treatment of similar products, contrary to the way it treats similar products offered on the futures market and the CME futures market.
Sonnneshein Expects More Crypto Rules as Congress Comes Back To Term Scope Sonnnshein expects